What is Thank a Maxi?

Time after time, crypto ends up in the news for all the wrong reasons. Hacks, rug pulls, scams and frauds; each event seemingly more catastrophic than the preceding headline.

Hidden behind the noise of the latest altcoin, NFT or DeFi project, is the quiet sound of rational thinking and forward planning. #ThankAMaxi is a movement that shows appreciation for the efforts of experienced community members who helped guide newer users towards better security practices and avoid losing their money.

If It’s Too Good to Be True…

…It probably is. This adage is especially pertinent when it comes to the weird and wacky world of crypto, where new retail investors are continually lured in by the chance of earning 1000x returns overnight for little to no effort. Bitcoin’s explosive price rise over the last decade may in fact have something to do with this, but the foundation and philosophy behind Bitcoin couldn’t be any more different from the current crypto status quo.

If you’re new to the world of crypto, digital assets and blockchain technology, it can seem overwhelming at first, especially with over 20,000 projects to choose from on tracking sites such as Coin Market Cap.

The Crypto Rollercoaster Ride

While some crypto projects may have honest intentions of bringing transparency to broken systems, such as social media censorship, opaque financial markets, stolen intellectual property, the reality is that a large number of these projects are out for a quick buck; YOUR BUCK.

Security is also a key issue for crypto participants. 2022 was an especially tumultuous year with several custodian platforms acting irresponsibly with customer funds. Not only has this caused dramatic selling pressure across the board, it has also left hundreds of thousands of people locked out of their money.

Focus on the Fundamentals

Bitcoin’s characteristics of decentralization and self-sovereignty set the foundation for an ecosystem that is unrivalled in the wider crypto market. While many investors scramble to fix problems created by third party custodians, a small selection are instead coming online looking to thank a maxi, an initiative started by Twitter user @dergigi.

Often labelled as single-minded and toxic people, it is ironically the rallying cries of Bitcoin maximalists that have helped save many a crypto investor from financial disaster over the years. At the heart of the #ThankaMaxi movement is the concept of becoming a self-sovereign individual and holding the private keys to your own bitcoin. Taking security seriously and storing your assets safely is the first step to minimizing your risk.

Help Is Out There

Bitcoin is all about verification, not trust. Verify your sources of information by understanding what it is that they’re trying to sell you. If a person or company is constantly trying to sell you something or is asking to manage your money for you, their motives are certainly questionable.

Bitcoin is a decentralized system and help can come in various forms. Many people look up to reliable figures in the community as a form of mentor while embarking on their journey. Ultimately it is up to you to verify your sources and make your own decisions when searching for a mentor. Natalie Brunell, Lyn Alden, Cory Klippsten and Michael “Bitcoin, not crypto” Saylor are all good examples of mentors who tirelessly produce reliable content and have earned the respect of thousands, if not millions of Bitcoin users.

At Bitcoin Candor, our mission is to help you find your way through the Bitcoin ecosystem and give you the tools and knowledge to stay informed and avoid scams. We hope you enjoy your stay here and learn to secure your financial future the easy way.